US Treasury to Pay Down $26 Billion in Debt in Q2

US Treasury to Pay Down $26 Billion in Debt in Q2
The Department of the Treasury in Washington on Aug. 30, 2020. Andrew Kelly/Reuters
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NEW YORK—The U.S. Treasury said on Monday it expects to pay down $26 billion in debt the second quarter, down from a January borrowing estimate of $66 billion, primarily because of an increase in receipts.

The second-quarter estimate assumes an end-of-June cash balance of $800 billion.